INTEGRYS ENERGY GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del., July 8, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Integrys Energy Group, Inc. (NYSE: TEG)?
- Did you purchase any of your shares prior to June 23, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Integrys Energy Group, Inc. ("Integrys" or the "Company") (NYSE: TEG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Wisconsin Energy Corporation ("Wisconsin Energy") (NYSE: WEC), in a transaction valued at approximately $9.1 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/integrys-energy-group-inc-teg.
Under the terms of the agreement, public shareholders of Integrys would receive $18.58 in cash and 1.128 shares of Wisconsin Energy for each share of Integrys they own. Based on Wisconsin Energy's closing stock price on June 20, 2014, Integrys shareholders would have received consideration valued at approximately $71.47 per share.
The investigation concerns whether Integrys's board of directors failed to adequately shop the Company and obtain the best possible value for Integrys's shareholders before entering into an agreement with Wisconsin Energy.
If you own the common stock of Integrys and purchased your shares before June 23, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/integrys-energy-group-inc-teg.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.